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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income$ 17,544$ 11,681
Adjustments to reconcile net income to net cash provided by operating activities:  
(Gain) loss on the disposal of assets, net(17)31
Impairment charges2072,097
Stock-based compensation26146
Depreciation and amortization4,0104,394
Net barter income(264)(214)
Provision for trade doubtful accounts811370
Amortization of deferred financing costs788796
Deferred income taxes4,0845,230
Unearned revenue520220
Change in fair value of derivative instrument (3,962)
Changes in operating assets and liabilities:  
Trade receivables336(99)
Prepaid expenses and other current assets(410)464
Other assets222203
Accounts payable and accrued expenses(207)(429)
Accrued interest(2,919)(1,536)
Other liabilities(681)369
Net cash provided by operating activities24,05019,761
Cash flows from investing activities:  
Purchases of property and equipment(2,505)(1,257)
Proceeds from the sale of property and equipment and insurance recoveries31 
Acquisition of television station and related equipment(8,000) 
Net cash used in investing activities(10,474)(1,257)
Cash flows from financing activities:  
Payment of senior credit facility revolver due 2010 (15,000)
Payment of senior secured credit facility term loan 2012(2,438)(2,438)
Payment of Series B preferred stock cash dividends(2,483)(2,482)
Payments of other long-term debt(343)(346)
Net cash used in financing activities(5,264)(20,266)
Net increase (decrease) in cash and cash equivalents8,312(1,762)
Cash and cash equivalents at beginning of period55,14053,580
Cash and cash equivalents at end of period63,45251,818
Supplemental cash flows information:  
Interest paid8,2189,582
Income taxes paid, net820
Noncash investing and financing activities:  
Three-year promissory note issued for the acquisition of a television station and related equipment8,000 
Accrual of Series B preferred stock cash dividends not declared4,9634,964
Unrealized gain (loss) on derivative instruments$ 54$ (419)